Hires ex-PayPal president
Facebook hires David Marcus as the vice president of its mobile messaging division. Marcus previously worked with PayPal, first as the vice president of the company’s mobile department and most recently as the company’s president.
We are incredibly excited to work together with David and to learn from all his experience, and David will be sharing more about his work in the coming months. Welcome aboard!
Zuckerberg, Winklevoss’ meet
The brothers and Narendra meet Zuckerberg in the dining hall of Harvard’s Kirkland House, where they explain the HarvardConnection website, the plan to expand to other schools after launch, the confidential nature of the project, and the importance of getting there first. During the meeting, Zuckerberg allegedly enters into an oral contract with Narendra and the Winklevosses to become a partner in HarvardConnection.
Although his attorneys have denied that any formal discussion about compensation or ownership of Harvard Connection took place, Gao would later tell the court:
I told him that [Narendra and the Winklevosses] would either pay him on a rolling basis or take him on as a partner with the possibility of taking an equal stake. He became visibly excited. He told me that he wanted the latter option … because he thought the Harvard Connection website had the potential to reach out to a very large user base.
He is given the private server location and password for the unfinished HarvardConnection website and code, with the understanding that he will finish the programming necessary for launch. Zuckerberg allegedly chooses to be compensated in the form of sweat equity.